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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Head office expenses - Once the amount is found to be exclusive ...

Case Laws     Income Tax

November 17, 2012

Head office expenses - Once the amount is found to be exclusive expenditure incurred by the head office towards the Indian branch, the same is required to be allowed in terms of Sec 37(1), without clubbing it with shared head office expenses as per sec. 44C. - AT

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